Saturday, November 27, 2010
Does monthly net mortgage lending affect house price changes?
A couple of days ago, I promised Jack C and others to compile something on this. My first Google hit was s fine article in Money Week which has already prepared the chart, showing that from 1995 to 2007 the two went more or less in line. Since then, net mortgage lending has slumped to more or less Â£nil, but house prices appear to be "defying gravity".